Výročná správa 2009 - Komunálna Poisťovňa

(All amount are in thousands of Euros, unless stated otherwise)The table below indicates the level of the respective variable that will trigger an adjustment,and then indicates the liability adjustment required as a result of a further deterioration in the variableif the liabilities from insurance contracts were stated under best estimates.AssumptionAlteredassumptionChange inliability frominsurancecontract 2009Change inliability frominsurancecontract 2008Higher mortality +10% 41 54Lowering of investment returns (0.1)% p.a. 243 299Higher base renewal expense level +10% 102 141Higher lapse rate +20% 103 108Out of the products of the Company that were subject to testing, only those that bear a 6%technical interest rate were sensitive to assumed variables. For other products, proceeds fromother variables are sufficient to cover deterioration of the above variables at the expected amount.Worsening of mortality by 10% and/or worsening of the cancellation rate of insurance contracts by10% will not result in a change in the amount of liabilities from the contracts for any of the testedproducts.The analysis has been based on changing one assumption only, while the others were on thelevel of the best estimate.15.3 Movements in liabilities from insurance contracts and reinsurance assetsa) Claims and loss adjustment expenses in non life insuranceYear ended 31 December2009 2008GrossReinsu--ranceNet GrossReinsu--ranceNetClaims reported and loss adjustment expenses 22,611 (10,286) 12,325 16,020 (7,379) 8,641Claims incurred but not reported 6,442 (2,863) 3,579 3,828 (1,677) 2,151Total at the beginning of the year 29,053 (13,149) 15,904 19,848 (9,056) 10,792Claims paid during period (28,296) 7,819 (20,477) (26,336) 9,377 (16,959)Business combination 142 (68) 74 - - -Increase of payables from insurance contractsDue to claims occurred in current year 14,407 (3,401) 11,006 32,944 (12,294) 20,650Due to claims occurred in prior periods 15,088 (3,773) 11,315 50 (18) 32Exchange rate difference from translation to presentationcurrency- - - 2,547 (1,158) 1,389Total at the and of the year 30,394 (12,572) 17,822 29,053 (13,149) 15,904Claims reported and loss adjustment expenses 23,810 (9,900) 13,910 22,611 (10,286) 12,325Claims incurred but not reported 6,584 (2,672) 3,912 6,442 (2,863) 3,579Total at the end of the year 30,394 (12,572) 17,822 29,053 (13,149) 15,904b) Provisions for unearned premiums2009 2008Year ended 31 DecemberReinsu-ReinsuranceGrossNet Gross-ranceNetAt the beginning of the year 17,474 (6,239) 11,235 16,047 (6,772) 9,275Business combination 317 (62) 255 - - -Creation 44,696 (12,786) 31,910 46,992 (16,776) 30,216Usage (45,466) 14,218 (31,248) (47,402) 18,042 (29,360)Exchange rate difference from translation to presentationcurrency- - - 1,837 (733) 1,104Total at the end of the year 17,021 (4,869) 12,152 17,474 (6,239) 11,235Ročná účtovná závierka a komentár I Company Accounts181